This passage dealing with the reparation arrangements made following the First War appears on page 8 of the first volume of Churchill’s The Second World War:
From time to time my mind turns to a difficult idea. A.R. Orage called it The Fear of Leisure. In a speech by that name Orage said of the prospect of an increasingly leisured society, ‘Douglas can prove that it is possible; you have to make it desirable.1’
Economists and politicians are pretty clear about their intentions for the economies they claim to run; growth. Growth, in economic terms, means increasing production and consumption of goods and services. In other words, the policy of growth has the objective of always exceeding economic maximums. It is the economic policy equivalent of a rampaging snowball.
Seeing that Greece is the only thing people are talking about I give you the following tidy description of the rise and fall of the monopoly of credit in the same place at a different time. It is taken directly from Aubrey de Sélincourt’s The World of Herodotus.
Once we have agreed that giving people money in line with Social Credit technique is possible without bringing down upon us financial ruin, we must deal with the idea that if you paid people for doing nothing, they wouldn’t do anything. That many subscribe to this obviously false notion indicates the success of financial propaganda. It is, however, useful to point out that this broadly held idea is suggestive of the crucial role that finance plays in society. That is, we believe it a way of getting people to do things they wouldn’t do for any other reason. In other words, it is government.